Press release
Marriott International Reports First Quarter 2025 Results
First quarter 2025 RevPAR1 increased 4.1 percent worldwide, with 3.3 percent growth in the U.S. & Canada and 5.9 percent growth in international marketsFirst
About this update from Marriott International
[{"type":"text","content":"First quarter 2025 RevPAR1 increased 4.1 percent worldwide, with 3.3 percent growth in the U.S. & Canada and 5.9 percent growth in international marketsFirst quarter reported diluted EPS totaled $2.39 and adjusted diluted EPS totaled $2.32First quarter reported net income totaled $665 million and adjusted net income totaled $645 millionFirst quarter adjusted EBITDA totaled $1,217 millionThe company added roughly 12,200 net rooms during the quarter and net rooms grew 4.6% from the end of the first quarter of 2024At the end of the quarter, Marriott's worldwide development pipeline totaled approximately 3,800 properties and over 587,000 rooms, up 7.4% year-over-yearThe company repurchased 2.8 million shares of common stock for $0.8 billion in the 2025 first quarter. Year to date through April 29, the company has returned over $1.2 billion to shareholders through dividends and share repurchases For a summary of quarterly highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/2025-q1-earnings-infographic.pdf\nBETHESDA, Md., May 6, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today reported first quarter 2025 results.\n\n \n \n \n \n \n \n\n \nAnthony Capuano, President and Chief Executive Officer, said, \"The combination of continued travel demand, the strength of our brands and our fee driven business model drove strong financial results in the first quarter. Despite heightened macro-economic uncertainty, global RevPAR rose over 4 percent, primarily driven by higher ADR, and our development momentum remained positive. Our international markets experienced particularly robust growth, with RevPAR increasing nearly 6 percent, led by double-digit gains in APEC. RevPAR in the U.S. & Canada rose over 3 percent in the first quarter, although we did see slower growth in March.\n\"The strong momentum in our development activity continued, with record first quarter signings of over 34,000 rooms, of which two-thirds were in international markets. Conversions remained a key driver of growth, representing around a third of our room signings and openings.\n\"We are committed to growing our global portfolio and enhancing offerings for our guests, Marriott Bonvoy members and hotel owners. Last week, we announced that we have reached an agreement to acquire the citizenM brand...